According to the K-level chart, the price of Ethereum continued to show a downward trend after the high of 2727. After the rebound near 2700 failed, the price continued to decline, forming a clear short position. At present, the short-term MA moving average price is always below the moving average, and the short-term downward trend is a foregone conclusion. The K-line pattern shows that the bulls are unable to counterattack.
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